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Russia’s Anti-Monopoly Agency Holds Apple Guilty of Price Fixing for its iPhones

After Russia’s anti-monopoly agency said Apple Inc had arranged for retailers to co-ordinate the prices of its iPhone models, the US company has been found guilty of price-fixing in Russia.   In a charge that could lead to the California-based company being fined, Apple’s Russian subsidiary...

Western economies, up or out?

The tide is rising for Western economies. When they could easily rule the world market with their production capacities, just a few decades ago, or with their hegemonic technological advance, they have been forced into frantic development and much higher risk-taking, by the rise in competition's...

US Think Tank says Military is Being Beefed up by China on Disputed Islands in South China Sea

A U.S. think tank is of the opinion that in the disputed ­Paracel Islands in the South China Sea, China has upgraded its military ­infrastructure, suggests satellite images.   China now ­occupied 20 outposts in the ­Paracels, and that there had been an extensive military build-up on...

No Major Gains Reaped from New Two-Child Policy in China

China isn't having enough babies, despite having the largest population of any country in the world.   In order to avoid significant demographic challenges in the coming decades, the relaxation of China's one-child-only policy has so far failed to boost the country's birth rate enough. This...

Denmark, a cashless paradise for bankers

The kingdom of Denmark is full of surprises but who knew that it would be one day the guinea pig of the world for a cashless economy? Denmark is now likely to become the first country with no more circulating cash. Could the banks’ favorite dream become the citizens’ worst nightmare?

Landing of the Out-Of-Control Chinese Space Station not yet Confirmed

The Tiangong-1, or “Heavenly Palace”, China’s first prototype space station, reached the end of its service life earlier this year after having being launched into orbit in September 2011. In a recent press conference, the Chinese space agency admitted that it had lost contact with the station...

EU Leaders say Freedom of Movement cannot be Compromised in Brexit Talks by the Block

Unless London also accepts the freedom of movement of workers that lies at its foundation, there can be no granting Britain access to the European Union's single market, the EU's top officials said on Friday after an EU summit in Bratislava.   "We want to have very good, very close...

Despite Battle Field Reverses in Yemen, Al Qaeda is still Reaping Oil Profits

The Al Qaeda are entrenched in parts of Yemen’s south and are reaping profits from smuggled fuel even though they have been pushed out of the enclave it carved out in the country as Yemen descended into civil war.   While hundreds pf Al Qaeda fighters managed to flee to neighboring Shabwa...

$265 Billion in Treasuries is Held at the Tiny Cayman Island

The third biggest foreign owner of U.S. government debt is a Caribbean financial center that is favored by hedge funds.   According to data the U.S. Treasury Department released very recently, the Cayman Islands held $265 billion of Treasuries as of March, up 31 percent from a year earlier....

Key Israel Target and Leading Hezbollah Commander Killed in Syria

In what it described as a “major explosion” at Damascus airport, Hezbollah has confirmed its military commander, Mustafa Badreddine, was killed in Syria this week.   Hezbollah announced that it was investigating whether a “missile or artillery strike” had been responsible even as media...

Questions raised over 2020 Tokyo Olympic over €1.3m payment to secret account: The Guardian

Payment to a notorious account linked to the son of the disgraced former world athletics chief Lamine Diack was apparently made during the race to host the 2020 Games by the successful Tokyo Olympic bid team to the tune of a seven-figure amount reported The Guardian.   Pressure on the...

Wildfire Wipes out a Third of Power from Canada’s Oil Sands

Forcing tens of thousands of people to evacuate in what may become the country’s costliest catastrophe, electricity flowing from plants at Canada’s oil sands operations has shrunk by almost a third as a wildfire ravages the region.   At about 7 p.m 950 megawatts of power to the region was...
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